Friday, 22 August 2014
Last updated 7 hours ago
May 1 2008 | 2:00am ET
GLG Partners co-founder Pierre Lagrange, made more than $130 million over the past two years, according to regulatory filings.
A trust benefiting Lagrange—the “L” in GLG—received $86 million last year and $47.6 million in 2006, a proxy statement filed with the U.S. Securities and Exchange Commission shows. Most of the payout to Lagrange, who manages money at the London-based, New York-listed firm, came in the form of discretionary bonuses and limited partner profits.
GLG’s other two principal shareholders, co-CEOs Noam Gottesman and Emmanuel Roman, earned $4.4 million last year and $4.7 million in 2006. The former also enjoyed cash distributions of $116 million in 2007 and $55 million in 2006, while the latter took home $39 million and $19 million.
GLG revealed the compensation figures in advance of its first annual shareholder meeting, set for June.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note